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After Reports of Ukraine Nuclear plant fire emerged, Asia stocks slid to a 16-month low. Euro also suffered heavy losses vs US Dollars.

Reports of Ukraine Nuclear plant fire: Asia stocks slide to a 16-month low

There is huge pressure on policymakers to raise interest rates as South Korea's inflation nears decade-high levels. Consumer inflation hovered near a 10-year high.

South Korea inflation nears decade-high levels: Pressure on policymakers to raise interest rates

To control inflation and also to prop up the economy, the US central bank is preparing for a rate hike that can come as soon as next month.

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Amid the ongoing invasion of Ukraine, Fitch slashed Russia's sovereign rating to junk status. S&P also lowered Russia's rating to junk status in a big blow.

Amid the ongoing invasion of Ukraine, Fitch slashes Russia's sovereign rating to junk status

The Asian markets have opened in the green early this morning after some reassuring comments from the federal reserve that has helped wall street to rally.

Asian shares open with gains: Concerns persist over global inflation

In a potential move to tighten economic screws against Russia, the London Stock Exchange has suspended trading in 27 companies that have strong links with Russia. These companies include Gazprom and Sberbank. Gazprom is Russian energy company.

Action has also been taken against Severstal which is Russia's largest steel and mining company. Severstal is owned by Alexei Mordashov, the richest man in Russia.

Aluminium comapany EN+, co-owned by Russian oligarch Oleg Deripaska, has also been barred. Other companies which have found themselves to have been targetted are Rosneft and VK. The latter is parent company of social media platform VKontakte. It is bigger than Facebook in Russia.

Some other companies in the list are PhosAgro (fertiliser company), Lukoil (energy firm), Polyus (Gold producer), Novolipetsk Steel.

The London Stock Exchange said that such a step was taken “in light of market conditions, and in order to maintain orderly markets”

Russia is currently invading Ukraine and the intense global pressure in terms of economic sanctions have begun to take toll on Russian businesses.

In related but distinct development, In the rebalance, Evraz and Polymetal International will exit the FTSE 100 and enter the FTSE 250 index, FTSE Russell, a subsidiary of the LSE, said in a statement.&nbsp;

The changes -- part of the quarterly reshuffle of the FTSE 100 -- will take effect from the start of trading on March 21, it added.

Both companies' share prices have tanked in the past week, making their relegation inevitable, market watchers said.&nbsp;

Polymetal International is a gold miner, while Evraz specialises in steel.

(With inputs from agencies)&nbsp;

In a potential move to tighten economic screws against Russia, the London Stock Exchange has suspended trading in 27 companies that have strong links with Russia.

In a potential move to tighten economic screws against Russia, the London Stock Exchange has suspended trading in 27 companies that have strong links with Russia. These companies include Gazprom and Sberbank. Gazprom is Russian energy company. Action has also been taken against Severstal which is Russia's largest steel and mining company. Severstal is owned by Alexei Mordashov, the richest man in Russia. Aluminium comapany EN+, co-owned by Russian oligarch Oleg Deripaska, has also been barred. Other companies which have found themselves to have been targetted are Rosneft and VK. The latter is parent company of social media platform VKontakte. It is bigger than Facebook in Russia. Some other companies in the list are PhosAgro (fertiliser company), Lukoil (energy firm), Polyus (Gold producer), Novolipetsk Steel. The London Stock Exchange said that such a step was taken “in light of market conditions, and in order to maintain orderly markets” Russia is currently invading Ukraine and the intense global pressure in terms of economic sanctions have begun to take toll on Russian businesses. In related but distinct development, In the rebalance, Evraz and Polymetal International will exit the FTSE 100 and enter the FTSE 250 index, FTSE Russell, a subsidiary of the LSE, said in a statement. The changes -- part of the quarterly reshuffle of the FTSE 100 -- will take effect from the start of trading on March 21, it added. Both companies' share prices have tanked in the past week, making their relegation inevitable, market watchers said. Polymetal International is a gold miner, while Evraz specialises in steel. (With inputs from agencies)

Trading in 27 companies that have links to Russia suspended by London Stock Exchange

The EU's official journal said on Wednesday that seven Russian banks will no longer be part of the SWIFT network. The move is the result of sanctions over Russia's invasion of Ukraine.

SWIFT has also notified that they will be complying with the EU's instructions.

"To this end, in compliance with the legal instruction in &nbsp;EU Council Regulation (EU) 2022/345 of 1 March 2022, we will disconnect seven designated Russian entities (and their designated Russia based subsidiaries) from the SWIFT network. This Regulation requires us to disconnect the identified entities on 12 March 2022, and we will do so accordingly."&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/ukraine-invasion-united-states-treasury-bans-transactions-with-russias-central-bank-457505">Ukraine invasion: United States Treasury bans transactions with Russia’s Central Bank</a>

The banks, which have been given 10 days to discontinue SWIFT services, include Russia's second-largest bank, VTB, as well as Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and VEB.

As a senior EU official explained, the banks on the list were selected based on their connections to the Russian state, with public banks already subject to sanctions following Russia's annexation of Crimea in 2014.

"All these banks that we have listed under SWIFT... they are all based on their connection to the state and the implicit connection to the war effort. We have not gone for a blanket ban across the whole banking system," the official said.

Also read |&nbsp;<a href="https://www.wionews.com/world/swift-has-the-power-to-put-russia-on-back-foot-but-what-is-it-actually-456396">‘SWIFT’ has the power to put Russia on back foot. But what is it actually?</a>

The list does not include Sberbank, Russia's largest lender, and Gazprombank. This is because these companies handle most of the payments for Russian oil and gas, which EU countries are still buying despite the conflict.

The EU official said it was not possible simply to allow energy-related transactions and exclude others as SWIFT was unable to differentiate between types of payments. The official added that these two banks were nevertheless subject to other measures.

Watch |&nbsp;Russia-Ukraine Conflict: Moscow trying to install puppet regime in Ukraine?

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/russia-ukraine-conflict-moscow-trying-to-install-puppet-regime-in-ukraine-458384/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

On Saturday, the European Union, the United States, Britain, and Canada blocked certain Russian banks from SWIFT, although they did not say which banks would be affected.

There is no clear global rival to SWIFT, a global payments network with over 11,000 members. EU officials said China has established a system, but it remains small, whereas SWIFT is still used for 70 per cent of transfers within Russia despite the existence of a Russian system.

If such systems existed, banks could still transfer funds via workarounds such as faxes and bilateral messaging systems.

(With inputs from agencies)

The EU's official journal said on Wednesday that seven Russian banks will no longer be part of the SWIFT network. The move is the result of sanctions over Russia's invasion of Ukraine.

The EU's official journal said on Wednesday that seven Russian banks will no longer be part of the SWIFT network. The move is the result of sanctions over Russia's invasion of Ukraine. SWIFT has also notified that they will be complying with the EU's instructions. "To this end, in compliance with the legal instruction in EU Council Regulation (EU) 2022/345 of 1 March 2022, we will disconnect seven designated Russian entities (and their designated Russia based subsidiaries) from the SWIFT network. This Regulation requires us to disconnect the identified entities on 12 March 2022, and we will do so accordingly." Also read | Ukraine invasion: United States Treasury bans transactions with Russia’s Central Bank The banks, which have been given 10 days to discontinue SWIFT services, include Russia's second-largest bank, VTB, as well as Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and VEB. As a senior EU official explained, the banks on the list were selected based on their connections to the Russian state, with public banks already subject to sanctions following Russia's annexation of Crimea in 2014. "All these banks that we have listed under SWIFT... they are all based on their connection to the state and the implicit connection to the war effort. We have not gone for a blanket ban across the whole banking system," the official said. Also read | ‘SWIFT’ has the power to put Russia on back foot. But what is it actually? The list does not include Sberbank, Russia's largest lender, and Gazprombank. This is because these companies handle most of the payments for Russian oil and gas, which EU countries are still buying despite the conflict. The EU official said it was not possible simply to allow energy-related transactions and exclude others as SWIFT was unable to differentiate between types of payments. The official added that these two banks were nevertheless subject to other measures. Watch | Russia-Ukraine Conflict: Moscow trying to install puppet regime in Ukraine? On Saturday, the European Union, the United States, Britain, and Canada blocked certain Russian banks from SWIFT, although they did not say which banks would be affected. There is no clear global rival to SWIFT, a global payments network with over 11,000 members. EU officials said China has established a system, but it remains small, whereas SWIFT is still used for 70 per cent of transfers within Russia despite the existence of a Russian system. If such systems existed, banks could still transfer funds via workarounds such as faxes and bilateral messaging systems. (With inputs from agencies)

Russia-Ukraine Crisis Day 8: SWIFT says will comply with EU instructions, disconnect 7 Russian banks

A property downturn, slowing economy and war in Ukraine loom large over this week's annual convening of China's legislature, with policymakers expected to focus on shoring up faltering growth.

The rubber-stamp parliament starting Saturday in Beijing gathers some 3,000 members of the National People's Congress (NPC) for highly choreographed meetings over bills, budgets and personnel changes.

The ruling Communist Party uses the opportunity to tout its achievements while also setting the country's economic blueprint and GDP target for the year ahead.

Also read |&nbsp;<a href="https://www.wionews.com/photos/a-day-in-the-life-of-uighurs-251734">A day in the life of China’s persecuted Uighur community</a>

Much of the NPC's agenda is unknown until during -- or even after -- the multi-day meeting, with many sessions taking place behind closed doors.

But this year, concerns are bound to centre on the country's sluggish economic growth, partly down to a crunch in the crucial property sector -- which makes up as much as a quarter of national output.

Stringent "zero-Covid" measures including harsh lockdowns and closed borders have also been a major blow to manufacturing hubs, tourist centres and port cities.

Meanwhile, the Russian invasion of Ukraine has raised the prospect of spiking food and oil prices, with fears over supplies of crucial commodities from the region being affected.

Commerce Minister Wang Wentao admitted to journalists this week that China's economy faces "huge" pressure this year.

Also read |&nbsp;<a href="https://www.wionews.com/world/how-will-the-russia-ukraine-conflict-impact-chinas-economic-interests-in-ukraine-458283">How will the Russia-Ukraine conflict impact China's economic interests in Ukraine?</a>

GDP and stability

Beijing traditionally announces its new economic growth target at Premier Li Keqiang's annual "state of the nation" speech at the NPC, followed by his rare -- but heavily stage-managed -- press conference.

China's GDP growth slowed sharply in the final months of 2021 despite an earlier pandemic bounceback, as it grappled with tepid domestic demand and a property downturn.

The country's communist leaders have long based their legitimacy on the argument that their model of government represents economic growth and continuity for China's massive population.

But as much of the rest of the world now reopens, China is increasingly out of step, as continued COVID-19 restrictions weigh on consumer confidence.

Maintaining stability will be crucial as the Communist Party gears up for a pivotal meeting this fall -- the 20th party congress -- that is expected to easily secure President Xi Jinping a third term.

In 2020, there was no GDP target set at all, and last year Li announced a modest goal of "above six percent".

Also read |&nbsp;<a href="https://www.wionews.com/world/china-suggests-this-is-the-most-important-thing-that-can-end-conflict-between-russia-and-ukraine-458166">China suggests this is the 'most important thing' that can end conflict between Russia and Ukraine</a>

Amid the unpredictability, analysts expect Beijing to announce a similarly open and attainable target this year.

"We expect the growth target to be set at 'above five percent'," UOB economist Ho Woei Chen said in a recent report, adding that pace would match the past two years' average of 5.1 per cent.

Iris Pang, ING's chief economist for Greater China, expected the range could be higher after the country easily exceeded last year's target.

Watch |&nbsp;Report: China asked Russia to delay the attack on Ukraine till Olympics were over

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/report-china-asked-russia-to-delay-the-attack-on-ukraine-till-olympics-were-over-458442/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

And infrastructure would probably form a key part of the government's support for the economy, predicted ANZ Research senior China strategist Zhaopeng Xing.

He expected "double-digit growth in infrastructure investment" in the first quarter, on top of tax cuts and the central bank's earlier interest rate cuts.

A property downturn, slowing economy and war in Ukraine loom large over this week's annual convening of China's legislature, with policymakers expected to focus on shoring up faltering growth.

A property downturn, slowing economy and war in Ukraine loom large over this week's annual convening of China's legislature, with policymakers expected to focus on shoring up faltering growth. The rubber-stamp parliament starting Saturday in Beijing gathers some 3,000 members of the National People's Congress (NPC) for highly choreographed meetings over bills, budgets and personnel changes. The ruling Communist Party uses the opportunity to tout its achievements while also setting the country's economic blueprint and GDP target for the year ahead. Also read | A day in the life of China’s persecuted Uighur community Much of the NPC's agenda is unknown until during -- or even after -- the multi-day meeting, with many sessions taking place behind closed doors. But this year, concerns are bound to centre on the country's sluggish economic growth, partly down to a crunch in the crucial property sector -- which makes up as much as a quarter of national output. Stringent "zero-Covid" measures including harsh lockdowns and closed borders have also been a major blow to manufacturing hubs, tourist centres and port cities. Meanwhile, the Russian invasion of Ukraine has raised the prospect of spiking food and oil prices, with fears over supplies of crucial commodities from the region being affected. Commerce Minister Wang Wentao admitted to journalists this week that China's economy faces "huge" pressure this year. Also read | How will the Russia-Ukraine conflict impact China's economic interests in Ukraine? GDP and stability Beijing traditionally announces its new economic growth target at Premier Li Keqiang's annual "state of the nation" speech at the NPC, followed by his rare -- but heavily stage-managed -- press conference. China's GDP growth slowed sharply in the final months of 2021 despite an earlier pandemic bounceback, as it grappled with tepid domestic demand and a property downturn. The country's communist leaders have long based their legitimacy on the argument that their model of government represents economic growth and continuity for China's massive population. But as much of the rest of the world now reopens, China is increasingly out of step, as continued COVID-19 restrictions weigh on consumer confidence. Maintaining stability will be crucial as the Communist Party gears up for a pivotal meeting this fall -- the 20th party congress -- that is expected to easily secure President Xi Jinping a third term. In 2020, there was no GDP target set at all, and last year Li announced a modest goal of "above six percent". Also read | China suggests this is the 'most important thing' that can end conflict between Russia and Ukraine Amid the unpredictability, analysts expect Beijing to announce a similarly open and attainable target this year. "We expect the growth target to be set at 'above five percent'," UOB economist Ho Woei Chen said in a recent report, adding that pace would match the past two years' average of 5.1 per cent. Iris Pang, ING's chief economist for Greater China, expected the range could be higher after the country easily exceeded last year's target. Watch | Report: China asked Russia to delay the attack on Ukraine till Olympics were over And infrastructure would probably form a key part of the government's support for the economy, predicted ANZ Research senior China strategist Zhaopeng Xing. He expected "double-digit growth in infrastructure investment" in the first quarter, on top of tax cuts and the central bank's earlier interest rate cuts.

Sluggish economic growth to overshadow upcoming Chinese Congress session

Amid the ongoing tensions over Russia and Ukraine crisis, major markets in Asia opened up to losses. Surge in crude oil prices has also put Asian stocks under renewed pressure.

Asian stocks under renewed pressure as crude oil prices soar amid Russian invasion of Ukraine

With the ongoing Russian invasion of Ukraine and a big surge in International crude oil prices, Indian companies are bracing for an impact.

Indian companies monitoring the situation closely as crude oil prices surge globally

As the world pushed for new economic sanctions against Russia and President Putin amid the ongoing Russian invasion of Ukraine, Russia's economy faces hardships. Now, Will Russia impose counter-sanctions amid economic crisis?

Russia seeks to shield its economy amid Russian invasion of Ukraine

The United States and its allies are weighing an oil reserve release amid soaring prices and concern about supplies after Russia invaded Ukraine. Oil prices have hit the seven years high following the invasion and after Western allies have imposed sanctions on Russia.

US, allies to release oil reserves as US oil prices surges 11% to $106 a barrel

With the global condemnation and shunning of Russian markets amid the invasion of Ukraine, US brands like Apple and Ford have stopped sales in Russia.

US brands join wave shunning Russia as Apple, Ford stops Russian sales amid invasion of Ukraine

Amid the ongoing Russian invasion of Ukraine, Exxon becomes the latest company to exit Russia. According to reports, it will leave behind assets worth 4 billion Dollars.

Exxon to exit Russia leaving behind $4 Bn in assets amid the ongoing Russian invasion of Ukraine

The European Union's official statistics agency Eurostat said on Wednesday (March 2) that Eurozone inflation had soared to a record high in February. The inflation was at 5.8 per cent and energy prices surged.

The acceleration, from 5.1 percent in January, was announced as oil and gas prices rocketed even higher over fears about the impact on supplies from Russia's invasion of Ukraine.

Brent crude touched USD 110 a barrel for the first time since 2014. WTI followed suit hours later. It hit its highest level since 2013. European natural gas prices similarly hit a record level.

Also Read | <a href="https://www.wionews.com/world/russian-talkshows-describe-reports-of-military-losses-as-fake-458218">Russian talkshows describe reports of military losses as 'fake'</a>

The surge in inflation comes at a difficult time for European leaders as they warn their citizens of the "price to pay" from tough sanctions imposed on Russia, the EU's leading foreign gas supplier.

Policymakers fear soaring inflation could choke off the EU's recovery from the coronavirus pandemic.

Eurostat said energy prices in February jumped 31.7 percent, faster than the 28.8 percent recorded in January.

Food prices were up 4.1 percent in February, compared with 3.5 percent the previous month.

Analysts at Capital Economics predicted inflation would hit six percent in the coming months before falling back to around four percent, "most likely" at the end the year.

That is still double the European Central Bank's target of around two percent.

Capital Economics warned that not only energy prices, but also food prices could rise further due to the conflict in Ukraine, a major wheat exporter.

The EU and Western allies have imposed sweeping sanctions on Moscow over President Vladimir Putin's invasion.

They have unleashed turmoil on Russia's economy and forced the Kremlin to impose capital controls.

(With inputs from agencies)

The European Union's official statistics agency Eurostat said on Wednesday (March 2) that Eurozone inflation had soared to a record high in February. The inflation was at 5.

The European Union's official statistics agency Eurostat said on Wednesday (March 2) that Eurozone inflation had soared to a record high in February. The inflation was at 5.8 per cent and energy prices surged. The acceleration, from 5.1 percent in January, was announced as oil and gas prices rocketed even higher over fears about the impact on supplies from Russia's invasion of Ukraine. Brent crude touched USD 110 a barrel for the first time since 2014. WTI followed suit hours later. It hit its highest level since 2013. European natural gas prices similarly hit a record level. Also Read | Russian talkshows describe reports of military losses as 'fake' The surge in inflation comes at a difficult time for European leaders as they warn their citizens of the "price to pay" from tough sanctions imposed on Russia, the EU's leading foreign gas supplier. Policymakers fear soaring inflation could choke off the EU's recovery from the coronavirus pandemic. Eurostat said energy prices in February jumped 31.7 percent, faster than the 28.8 percent recorded in January. Food prices were up 4.1 percent in February, compared with 3.5 percent the previous month. Analysts at Capital Economics predicted inflation would hit six percent in the coming months before falling back to around four percent, "most likely" at the end the year. That is still double the European Central Bank's target of around two percent. Capital Economics warned that not only energy prices, but also food prices could rise further due to the conflict in Ukraine, a major wheat exporter. The EU and Western allies have imposed sweeping sanctions on Moscow over President Vladimir Putin's invasion. They have unleashed turmoil on Russia's economy and forced the Kremlin to impose capital controls. (With inputs from agencies)

Eurozone inflation hits record high due to soaring energy prices

Crude oil prices rose up sharply on Wednesday, surging nearly 5% on concerns of a supply crunch even after countries agreed to release 60 million barrels of oil from reserves around the world.

Oil prices surge $110 per barrel

Markets have paused for breath after days of volatility, with Asian shares edging up and gold slipping slightly as investors watched the conflict in Ukraine unfold and weighed its economic implications, mainly regarding energy prices.

Asian markets stable after days of volatility, investors draw breath

India's gross domestic product (GDP) for the third quarter ended December 31, 2021 grew by 5.4%. The growth in GDP during 2021-22 is estimated at 8.9% as compared to a contraction of 6.6% IN 2020-21.

India's GDP growth at 5.4% in Q3, FY22 growth estimated at 8.9%

Global oil and gas giant Shell announced that it will exit all its Russian operations, becoming the latest major Western energy company to quit the oil-rich country following Moscow’s invasion of Ukraine. The decision comes a day after rival British Petroleum (BP) abandoned its stake in Russian oil giant Rosneft in a move that could cost the British company over $25 billion. Norway's Equinor also plans to exit Russia.

Shell joins Equinor and BP to exit Russia over Ukraine invasion

US and its allies weigh oil reserves release after Russia invaded Ukraine

Prices of 19 kilogramme commercial LPG cylinders in Delhi have increased by Rs 105 as of March 1, according to news agency ANI.

The 19 kilogramme commercial cylinder would cost Rs 2,012 in the national capital starting Tuesday as a result of the price increase.

A 5 kg cylinder has also seen a Rs 27 hike in pricing.

In Delhi, a 5 kilogramme cylinder now costs Rs 569.

Commercial gas cylinders will now cost Rs 2,089 in Kolkata as a result of the increase.

Commercial gas in Mumbai will now cost Rs 1,962 after a 105-rupee increase.

Chennai also saw a hike of Rs 105 with the price of a 19-kg commercial gas cylinder rising to Rs 2,185.5.&nbsp;

Price History

In particular, ahead of the Union Budget 2022, the National Oil Marketing Company lowered the price of a 19 kg commercial LPG cylinder by Rs 91.50 on February 1.

Oil marketing organisations lowered the price of a 19 kilogramme commercial LPG cylinder by Rs 102.50 on January 1.

On December 1, the price of commercial cooking gas was raised by Rs 100, bringing the cost of a 19 kilogramme commercial LPG cylinder in Delhi to Rs 2,101.

After 2012-13, when the commercial cylinder cost roughly Rs 2,200 per cylinder, this was the second-highest price.&nbsp;

(With inputs from agencies)

Prices of 19 kilogramme commercial LPG cylinders in Delhi have increased by Rs 105 as of March 1, according to news agency ANI. The 19 kilogramme commercial cylinder would cost Rs 2,012 in the national capital starting Tuesday as a result of the price increase.

Prices of 19 kilogramme commercial LPG cylinders in Delhi have increased by Rs 105 as of March 1, according to news agency ANI. The 19 kilogramme commercial cylinder would cost Rs 2,012 in the national capital starting Tuesday as a result of the price increase. A 5 kg cylinder has also seen a Rs 27 hike in pricing. In Delhi, a 5 kilogramme cylinder now costs Rs 569. Commercial gas cylinders will now cost Rs 2,089 in Kolkata as a result of the increase. Commercial gas in Mumbai will now cost Rs 1,962 after a 105-rupee increase. Chennai also saw a hike of Rs 105 with the price of a 19-kg commercial gas cylinder rising to Rs 2,185.5. Price History In particular, ahead of the Union Budget 2022, the National Oil Marketing Company lowered the price of a 19 kg commercial LPG cylinder by Rs 91.50 on February 1. Oil marketing organisations lowered the price of a 19 kilogramme commercial LPG cylinder by Rs 102.50 on January 1. On December 1, the price of commercial cooking gas was raised by Rs 100, bringing the cost of a 19 kilogramme commercial LPG cylinder in Delhi to Rs 2,101. After 2012-13, when the commercial cylinder cost roughly Rs 2,200 per cylinder, this was the second-highest price. (With inputs from agencies)

LPG cylinder becomes more expensive from March 1; check out new rates

Crude oil prices have jumped while Asia Pacific stocks are mostly higher today in volatile trading due to renewed tensions in the Ukraine-Russia conflict.

Ukraine-Russia Conflict: India's crude cost has topped $100 per barrel

The West is trying to isolate Russia economically. Now, several European subsidiaries of Sberbank Russia, which is majority-owned by the Russian government is failing for or likely to fail due to reputational costs of war in Ukraine.

Russian Sberbank's EU units failing amid Russia-Ukraine Conflict

Russia is one of the largest producers of energy in the world. Western allies are trying to isolate Russia economically by hitting where it hurts the most now, the decision to quit oil-rich country Russia by British petroleum is being considered as the most aggressive move yet by a company.

BP to exit Russia's Rosneft holdings amid the ongoing Russia-Ukraine crisis

As the world pushed for new economic sanctions against Russia and President Putin amid the ongoing Russian invasion of Ukraine, the global markets react. Russian currency tumbles to a record low.

Russian currency tumbles to a record low as markets react to new economic sanctions

As global stock market investors monitor Ukraine-Russia crisis, Indian markets have closed with gains as Sensex, Nifty bounced back and Sensex gained over 1300 points during the day taking a cue from the European markets.

Russia-Ukraine conflict: Global markets register comeback